Accidental Insurance

If you are a breadwinner, an accident can create serious financial problems for your family. It can ruin the comfort and security you work so hard to provide them. Just think of it, who will help them settle the financial commitments in your absence or in case of your disability to earn any more, temporarily or permanently? You need to be prepared. Arm yourself with personal accident insurance.

What is Accidental Insurance??

Personal accident insurance covers the risk of bodily injuries arising directly from an accident that was caused by external, violent and visible means and results in death or disablement.

Personal accident insurance covers your expenses from an accident with a lump sum payment, a daily or monthly amount or a payment for loss of life from an accident. Several types of policies supplement an insurance program. Often, accidental death and dismemberment is an inexpensive form of personal accident insurance. Other forms are similar to disability income, but they pay a cash sum when you have an injury due to an accident. There are several ways to buy personal accident insurance.

Types

There are eight common types of personal accident insurance policies:

  • Individual
    This policy can be taken by any individual. The benefits usually enclose partners and children. Since several activities are excluded from this policy, it is not as useful for people who love adventurous sports, like mountaineering and rock climbing.
  • Children
    The purpose of this policy is to provide financial help to parents if they are unable to work or if they incur expenses as a result of an accident.
  • Group
    This policy is used by companies to cover employees for expenses related to accidents.
  • Self-employed
    Since self employed individuals are not eligible for employee benefits, they are worse off when injured in an accident.
  • Team
    Through a team accident insurance policy, organizers can seek cover for all the members of a sports team.
  • Professional
    This policy is specifically for self employed professionals, such as a sportsperson, actor, lawyer or doctor, who have special requirements.
  • Over 50
    This policy targets people over 50 years of age, as accidents can cause more grievous injuries to them.
  • Travel accidents
    This policy offers benefits in case the policyholder meets with an accident while traveling.
Features
  • Hospital admission
  • Hospital confinement
  • Intensive Care
  • Emergency Room treatment
  • Outpatient surgery
    • Minor: performed in a clinic, doctor's office or emergency care facility
    • Major: performed in a hospital operating room
  • Recovery after hospital confinement
  • Ambulance/Transportation
  • Blood & blood plasma
  • Family lodging
  • Medical appliances

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